IPO Dynamics - Changjiang Energy Technology successfully passed the review at the Beijing Stock Exchange on July 28 [1] - Delijia successfully passed the review at the Shanghai Stock Exchange on July 31 [1] New Stock Listings - Two new stocks were listed this week: Hanguo Group (001221) on the Shenzhen Stock Exchange on July 30 and Dingjia Precision (920005) on the Beijing Stock Exchange on July 29 [2] New Stock Subscriptions - Three new stocks are available for subscription this week: Tianfulong (603406) on the Shanghai Stock Exchange on July 28, Youli Intelligent (920007) on the Beijing Stock Exchange on July 29, and Guangdong Jianke (301632) on the ChiNext board on August 1 [3] Hong Kong Stock Market - Wen Zhi Traditional Chinese Medicine and Zhengpin Holdings submitted their prospectuses to the Hong Kong Stock Exchange on July 29 [4] - Yuntian Lifefly and Xinwangda submitted their prospectuses on July 30, while Tianyue Advanced passed the hearing at the Hong Kong Stock Exchange [5] - Innovation International and Wangshan Wangshui submitted their prospectuses on July 31, and Yinnuo Pharmaceutical passed the hearing [6] Hot Topics - Hengkun New Materials' IPO review was postponed due to three major questions raised during the Shanghai Stock Exchange listing committee meeting on July 25 [7][8] - The questions focused on intellectual property risks, revenue recognition methods, and the rationale behind deposit interest rates exceeding borrowing rates [8] Figma's IPO - Figma officially listed on the New York Stock Exchange on July 31, becoming the largest IPO in the U.S. this year with a market capitalization of $56.3 billion (approximately 400 billion RMB) [9] - The IPO price was set at $33 per share, and the stock surged 250% by the end of the trading day [9] - Figma's revenue for 2024 is projected to be $749 million, a 48% increase year-over-year, with Q1 2025 revenue at $228 million, up 46% [9] Xinnengda's IPO - Xinnengda Electronics submitted its listing application to the Hong Kong Stock Exchange on July 30, becoming the third domestic power battery company to seek "A+H" listing after CATL and Yiwei Lithium Energy [10] - The net proceeds from the fundraising will be used for international growth strategies, including expanding overseas production facilities and sales networks, enhancing R&D capabilities, and potential investments or acquisitions [10] - As of March 31, 2025, Xinnengda operates 19 production bases in China and 6 overseas [11]
公司研究室IPO周报：恒坤新材IPO暂缓审议；Figma上市首日市值560亿美元